Original Banksy Artwork Burned, Digitized and Put up for Sale as NFT
The artwork’s original value of $95,000 USD is now up in the air.
An original Banksy artwork has been burned and digitized by a group of self-described crypto fans.
The artwork is titled morons, a piece from 2006 that satirizes the record-breaking sale of Van Gogh’s Sunflowers in 1987; on the work is written, “I can’t believe you morons actually buy this sh*t.” morons was valued at $95,000 USD, originally bought from New York’s Taglialatella Gallery, but that value is now up in the air.
Before burning the artwork, the crypto fans digitized the piece using blockchain technology on SuperFarm, preserving it in its digital form. “We specifically chose a Banksy piece since he has previously shredded one of his own artworks at an auction,” notes one of the members. “We view this burning event as an expression of art itself. We are generating a new form of artwork via the creation of this unique NFT that is a direct representation of the physical.”
morons‘ NFT will be put up for auction at OpenSea, with all proceeds going to charity.
In case you missed it, Jack Dorsey’s very first tweet has been auctioned as an NFT, with the current highest bid at $2.5 million USD,
